How much funding can be received?

Funds up to 50% of admissible expenses, capped at $500000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Valo-Capitale — commercialization of innovation?

Valo-Capitale — commercialization of innovation is funded by Quebec City

What are Valo-Capitale — commercialization of innovation's eligibility criterias?

The applicant must be a private incorporated company or a social economy enterprise engaged mainly in commercial activities. Individually owned businesses and partnerships primarily owned by Indigenous peoples located in Wendake are eligible. Applicants must have their head office in the Quebec City agglomeration, including the cities of Quebec, Saint-Augustin-de-Desmaures, L'Ancienne-Lorette, or Wendake.

Valo-Capitale — commercialization of innovation

Last Update: May 30, 2025

Québec, QC

Financial support for commercializing innovative products or processes

Valo-Capitale — commercialization of innovation at a glance

Eligible Funding

Max. $500,000
Up to 50% of project cost

Timeline

Continuous Intakes

Financing Type

Grant and Funding

Eligible Industries

Agriculture, forestry, fishing and hunting
Manufacturing
Information and cultural industries
Professional, scientific and technical services
Arts, entertainment and recreation

Grant Providers

Quebec City

Status

Open

Overview of the Valo-Capitale — commercialization of innovation program

The grant aims to support businesses in the commercialization of innovative products or processes, with a maximum financial contribution of up to $500,000. Eligible activities include professional fees, necessary project implementation expenses, and related salaries for human resources.

Financing terms and conditions

The Valo-Capitale grant provides flexible financial contributions to support the commercialization of innovative products or processes. It ensures applicants have adequate resources for global market entry and offers structured financial support to enhance business growth and profitability.

A maximum financial contribution of $500,000 per project.
Funding covers up to 50% of eligible project expenses.
The maximum active funding per two (2) year period for all City of Quebec economic development programs is capped at $500,000, with non-repayable aid considered at 100% and repayable aid at 50% of its value.
Proposed funding may take the form of grants and/or loans.
Funding amounts are determined based on fund availability and demonstrated financial need.

Eligible projects & activities

The Valo-Capitale grant focuses on the commercialization of innovation, supporting businesses in bringing research-derived products to market and expanding their reach beyond Quebec. The eligible projects are centered on leveraging university research for commercial gain and entering new markets.

Commercialization of a product developed from research at educational institutions, like Université Laval.
Establishing a distribution network for a patented product in international markets, such as Australia.

Examples of admissible projects:

$ 400,000

Launching a new eco-friendly packaging solution nationwide

$ 400,000

Establishing a Canadian distribution for a new drone technology

$ 240,000

Expanding a local food co-op's distribution network

$ 450,000

Commercializing a telehealth platform for remote regions

$ 350,000

Developing a mobile app for mental health support

Eligibility criteria of the Valo-Capitale — commercialization of innovation program

Eligibility for this grant is determined by specific requirements related to the applicant's profile and operational jurisdiction.

The applicant must be a private incorporated company or a social economy enterprise (non-profit organizations and cooperatives) mainly conducting commercial activities.
Sole proprietorships and partnerships predominantly owned by Indigenous peoples located in the Wendake territory are also eligible.
The company's head office must be located in the agglomeration of Québec (which includes the cities of Québec, Saint-Augustin-de-Desmaures, and L’Ancienne-Lorette) or Wendake.

Who is eligible?

This grant is designed for private businesses and social economy enterprises engaged in innovative commercialization projects, particularly in strategic and priority sectors. To qualify, organizations must meet several specific eligibility and evaluation criteria tailored to their field of activity and the scope of their planned project.

Private incorporated businesses.
Social economy enterprises (non-profit organizations and cooperatives) that predominantly engage in commercial activities.
Individually owned businesses and partnerships primarily owned by Indigenous persons located in Wendake.

Who is not eligible

This grant excludes certain companies and projects from eligibility based on their governance, legal status, and previous financial conduct. Specific restrictions ensure that only qualified applicants can access the funding.

Social economy enterprises (OBNL and cooperatives) that cannot demonstrate sound democratic governance.
Applicants who have not been discharged from bankruptcy.
Companies registered in the Public Contracts Ineligibility Register.
Applicants who defaulted on obligations related to previous financial assistance from the City of Québec in the past two years.
Applicants with outstanding debts with the City of Québec.
Projects that are discriminatory or could pose a negative image risk for the City of Québec.
Event-based, one-off projects.

Eligible expenses

The grant covers specific expenses necessary for the commercialization project execution.

Professional fees, consulting services, and studies.
Operating expenses and working capital required for project implementation (e.g., digital platform marketing and web promotion expenses).
Salaries for human resources allocated to the project, at an hourly rate equivalent to that paid by the beneficiary according to its salary policy, upon presentation of a resolution of its board of directors indicating the amount allocated to the project and any relevant supporting documentation.
Purchases or rentals of goods, equipment, and assets related to the project.

Eligible geographic areas

This grant is targeted at companies situated in specific geographical areas within the Province of Quebec. Eligible regions are primarily within the Quebec agglomeration and surrounding areas to support local economic development.

Agglomeration of Quebec, including the cities of Quebec, Saint-Augustin-de-Desmaures, and L'Ancienne-Lorette.
Wendake.

Eligibility criteria of the Valo-Capitale — commercialization of innovation program

The evaluation and selection of projects for the Valo-Capitale grant are based on specific criteria to ensure they meet the program's objectives and contribute positively to the agglomeration of Québec.

Quality and robustness of the responsible business model.
Financial capacity of the applicant to complete the project and achieve its objectives.
Viability and coherence of the submitted project (relevance of the project, realism of the financial plan, and involved partners).
Organizational management capacity.
Distinctive and innovative nature of the project.
Economic, social, and environmental impacts in the agglomeration of Québec.
Demonstration of the need for financial assistance.
Innovative nature of the product or process.
Market potential of the product or process.
Supportive structure.

How to apply to the Valo-Capitale — commercialization of innovation program

Acknowledgment of the criteria

Carefully read the eligibility criteria and exclusions of the program.
Check if your business and your project meet these criteria.

Project Preparation

Develop a structured marketing plan for the innovative product or process.
Ensure that the first significant sale is expected within 24 months.
Prepare a demonstration if the project concerns digital arts and interactive entertainment.
Gather all necessary evidence, such as intellectual property.

Preparation of the documentation

Fill out the funding application form specific to the Valo-Capitale component.
Gather all required documents listed in the form, such as the budget, the involved partners, etc.

Submission of the request

Submit the completed form and documentation to the responsible organization, according to the specified procedures.
Ensure the consistency and viability of the project in the provided documents.

Follow-up on the request

Wait for the confirmation of the receipt of your funding request.
Respond to any requests for additional information from the organization.

Additional information

Here are additional relevant details for this grant:

The funding is contingent upon the availability of funds and a needs-based evaluation.
The proposed financial assistance could be in the form of both grants and loans.

Contact Quebec City

degp@ville.quebec.qc.ca

Apply to this program

Grant program supports strategic consultancy for business growth